empty-floor-front-modern-building-min

Commercial Real Estate

Loans help secure the property your business needs

Commercial real estate loans facilitate long-term growth by securing the property your business needs.*

What Is a Commercial Real Estate Loan?

Loan Amount*

Start at $75,000 and range up to $2 million

Loan Terms*

Range from 5 years up to 20 years

Payment Frequency*

Automatic monthly payments from an account on file

Commercial real estate loans are ideal for businesses looking to purchase, develop, or construct new property as well as current property. Businesses can apply for a commercial real estate loan/mortgage, which is secured by liens on the commercial property. As the name states, this is for commercial properties only and not for residential properties. The terms and rates differ from a traditional residential mortgage.

Uses for commercial real estate loans can vary, meaning businesses don’t have to acquire new property to apply. This loan can cover expenses such as refinancing or renovations on current business real estate in addition to covering new real estate property. Keep in mind, this type of financing is very different from a traditional residential mortgage that you would apply for when purchasing or refinancing residential property.

Commercial Real Estate Loans Help Small Businesses Facilitate Their Property Needs

You only need 3 important documents to apply.

A valid form of identification

Business bank account number and routing

Last three months of business bank statements

Application Process

1. Apply Online

Visit our online portal to fill out an application. Tell us about your company, goals, and objectives. We recommend having the necessary paperwork on hand to make the process even faster.

2. Let us Review

Our team will carefully review your business application. One of our trusted business advisors will reach out if we need any additional information.

3. Get Funded

Our team will send out the approved funds to your business bank account if approved.

Commercial Real Estate

FAQs

Business owners that need working money to buy new commercial real estate, refinance existing commercial real estate, or make improvements to existing commercial real estate can get it through commercial real estate loans. Mortgage liens on the business property serve as security for the loan. The approval procedure differs significantly from a conventional residential mortgage since lenders will consider the loan-to-value ratios.

Any business must consider submitting an application for a commercial real estate loan if they plan to buy a new commercial property, renovate an existing commercial property, or refinance a commercial mortgage.

A commercial real estate loan makes sense if your business plans to utilize the working capital for commercial real estate. Primary or secondary residential dwellings cannot be financed with this kind of credit. The interest and repayment conditions also differ significantly from those of a residential mortgage.

Depending on the lender and the loan your company intends to apply for, requirements change. Lenders often analyze your company’s financial accounts, the ratio of debt service to total revenue, the features of the property, such as its use and value, and the proportion of projected or actual occupancy.

Rates vary depending on the sort of loan you want to apply for to acquire a mortgage and the lender the company uses. Please keep in mind before applying that these rates are significantly different from those of a conventional residential mortgage loan.